Fashion and luxury brands worldwide have launched a wide ranging array of sustainable initiatives, timed to coincide with the 50th anniversary of the day dedicated to environmental reform on Wednesday, April 22.
Versace and Jimmy Choo made huge progress in accessories in the latest quarter at Capri Holdings, but with 150 out of the group's 225 Chinese stores currently closed, it still faces challenges, its CEO said.
The owner of the Michael Kors brand beat analysts’ expectations with the announcement of solid growth in both sales and earnings in the third quarter on Wednesday but dampened the news by reducing its annual guidance.
Capri Holdings faced some challenges in Q2 but the company is upbeat about the prospects for its trio of power brands as Versace gains traction, Michael Kors returns to positive comparable sales and Jimmy Choo expands.
Versace went to the stock market Friday night in Milan, for a runway show and not a flotation. Referencing all the house's codes and starring two generations of uber models, this was a great performance from Donatella.